Rogers Communication, Inc. (NYSE:RCI) Receives $36.00 Average PT from Analysts

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.00.

RCI has been the subject of several research analyst reports. Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a report on Monday, October 20th. Cowen reiterated a “buy” rating on shares of Rogers Communication in a research report on Friday, October 24th. Barclays increased their price target on shares of Rogers Communication from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Rogers Communication in a research report on Wednesday, October 8th.

Rogers Communication Stock Up 0.0%

RCI opened at $38.38 on Wednesday. Rogers Communication has a one year low of $23.18 and a one year high of $40.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.59 and a current ratio of 0.62. The stock has a market capitalization of $20.74 billion, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The business’s 50-day simple moving average is $36.75 and its 200-day simple moving average is $32.70.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Rogers Communication had a return on equity of 17.14% and a net margin of 32.49%.The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Analysts anticipate that Rogers Communication will post 3.57 EPS for the current year.

Institutional Trading of Rogers Communication

Several institutional investors and hedge funds have recently added to or reduced their stakes in RCI. Polar Asset Management Partners Inc. lifted its holdings in shares of Rogers Communication by 194.1% during the first quarter. Polar Asset Management Partners Inc. now owns 125,000 shares of the Wireless communications provider’s stock worth $3,342,000 after purchasing an additional 82,500 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Rogers Communication during the 2nd quarter worth $328,000. Deutsche Bank AG lifted its stake in shares of Rogers Communication by 4.7% in the 1st quarter. Deutsche Bank AG now owns 578,493 shares of the Wireless communications provider’s stock worth $15,463,000 after acquiring an additional 25,717 shares during the period. PCJ Investment Counsel Ltd. boosted its holdings in shares of Rogers Communication by 383.5% in the first quarter. PCJ Investment Counsel Ltd. now owns 187,150 shares of the Wireless communications provider’s stock valued at $5,001,000 after acquiring an additional 148,440 shares in the last quarter. Finally, Graham Capital Management L.P. increased its stake in shares of Rogers Communication by 194.6% during the first quarter. Graham Capital Management L.P. now owns 148,469 shares of the Wireless communications provider’s stock worth $3,969,000 after acquiring an additional 98,074 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.